Lets say I have $1,000 but i don't have time. Where should i invest this money? Thanks in anticipation
There are so many members on this site that don't know what they are talking about. Gold is trading at around $1,260 per ounce U.S. It has been dropping steady and is going to continue to slide as investors dump. It was about $100 higher at this time last year. This is not the time to buy gold unless you are filthy rich, and can afford to sit on your weak gold prices until it moves up again...but when will that be?
Buy into Gilead Sciences, they are trading at $77.53 but was below $20 when I bought my shares many years ago. They are on the cusp of creating a vaccine for the HIV virus, and have already gotten a vaccine that works for Hepatitis C. I will make an absolute killing if and when I unload my shares. They are a Nasdaq-100 company. (S&P 500)
If you have $1,000 but don't have time and just want to make life simple, just dump it all on the "S&P 500". It has a very successful track record over the long haul. But people tend to over look this simple effective investment often.
Official business partnership on something you can control even if you don't have time or at least check from time to time. Also, $1000 is pretty low, look at long term investment, the ROI might be less but more secure, bare in mind thjat anything below what bank can offers if useless, anything 50% over what bank can offers is to risky (when I mean 50 % I don't mean anything like if a bank offers 10% then 35% is safe but 15% off course) You can find some really good partnerships that brings you some quite good money over a year or two. investing $1000 with a promise of $3000 within a year is definitly a gamble investing $1000 with a promise of $3000 within 2 years is something you should look at investing $1000 with a promise of $3000 within 3 years is definitly something you should go albeit, after verifying on what you are investing indeed, ask numbers, business plan, etc etc and do a quick search on any proposition made
If you're looking for a safe investment with a decent return $1,000 isn't much to work with. If you're just sitting on the money and looking for a higher interest rate than savings I'd look into a CD.
Asking for investment advice on this forum? Dude, go to a casino, bet $100 a hand on blackjack. That's sound advice, isn't it? Savings accounts, cd's at 1% interest? That $10 will go far.... Sit on it and wait. Something that is worth your stack will come around sooner or later.
Considering creating a niche website? Hire people who are actually doing all the work: from creating a website, keyword research, content writing, and marketing. There are some services out there who are going generate you more money than you invested fairly safely after couple months.
Oh my god, you don't have time? No time, no hope. "Get rich scheme" does not work. After you invested in a business or a product, you need to spend your time working at it--> then it will grow.
My advice? Invest it into creating a business. Something simple that grows. That's how a lot of people start since it's a good way to ensure not only your future but also the future of your family (or imaginary family...Not sure if you're married or not).
I believe in this also after all we are on digital point so this should be the answer you already know. My advice to you is pick something simple and stick to developing it time is money and everyone can make time for the $1000 investment. If you haven't got time I suggest u spend the $1000 on leisurely activities.
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Use it to do anything you are passionate about and grow a business, whatever kind it is, let it be something you can do with ease. It is far better to build a business with it than invest it. hardly will you find an investment that will double that amount in 30 days, but i am sure gurus here can open your mind to see how you can start a business with that amount that will double and triple within the shortest time possible.
Gold has been one of the worst investments in history. The s&p has out gained gold many many many times over.
You have just wasted your money; making bad decisions will do that. it doesnt really matter what you sell, even if it is an easy market, then it still will competitive to some degree, and most likely will take more then $1000 $100 may get you a handshake for some type of cloned theme that everyone else is already using, and that will not set you apart from everyone else; A custom theme can cost anywhere from $500-$1000+ I suppose there is nothing wrong with 9 - 3000 word articles, and a conservative estimate would be around $20/per 1000 words, and that is for a below avg writer as you will not find a top writer for $20/1000 words, and if you are lucky, their english will be readable. So far you have suggested that he setup a blow avg WP site with 9 articles, and nothing else. now he has stopped posting content, no backlinks, at this point, the new site will be pointless.... It is very rare for someone to setup an affiliate site, and it takes off with no other effort.... Not only will you need a little luck, and research, you will also need more money, and a crap load of time if you expect to rely on SEO to take your site to the next level, and this does not happen over night; If everything was done right, then you may make your first $1 within several months to 1-2 years down the road.... If setting up an amazon site was easy as you suggested, then everyone on this planet would have an amazon site making money many times over; most do not realize this until they are deep neck into the process, then give up in 3-6mo because their ROI is just not catching up to them fast enough, and they are spending more, and more... good luck, been there, done that... ps. if you do not have time, then dont even consider wasting your money; I have no time, even though I am sitting right in front of my tv right now... having no time implies you have no interest, or your not willing to do anything, then you rely on those you hire, and hope they will be doing everything right, and honestly, those that you outsource do not give a crap about your future, then you end up getting lots of slap-shot work back that would not be useful as you will not be hiring the most experienced at the highest cost, because you will hire just about anyone you can find for the lowest cost possible.... am I wrong?